What is the difference between Sachin Tendulkar and Virendra Shewag,
Both have class of their own, infact Shewag palying style is far better
than Sachin instead of this Sachin is remembered as All time Greatest
whereas Shewag has been forgotten by most of the Cricketing fraternity.
The Big Difference is Consistency. This leads me to my next point; Difference between a trader and professional trader ,Consitency in profit is what is a “BIG BIG” diffrence between a trader and a professional trader . As a trader you may be right in one or two trades and make big money but in next few trades you lose your profit and in wost case you lose your capital means you are not trading professional and you lack the most basic skill of professional trader “Consistency”.
Most of you know that is Arnold Schwarzenegger in the picture to the right, Arnold personifies the fact that consistency pays off physically, mentally and financially.
You’ve probably read about habits and how they are the “key” to success in trading and virtually everything else in life. However, I’m willing to bet you’ve found less information on HOW to go about obtaining these all-powerful habits. In today’s article , I’m going to give you a brief overview of the power of effective trading habits and then get into EXACTLY HOW TO OBTAIN THEM so that you can get on the track to profitable trading NOW with CONSISTENCY.
Similarly, if you consistently wake up early for your job or for school, you know that soon it becomes a habit.
Consistently learning and education yourself turns you into a more knowledgeable person who will probably make more money and be more successful than the person who chooses not to consistently educate themselves.
My point is simply this: Consistency in all aspects of our personal and professional lives ultimately ends up building habits, and habits are really what define each of us, aren’t they? To paraphrase one of my favorite all-time motivational speakers Napoleon Hill, “We are what we think about and do”.
Whatever you consistently think about and do will become a habit, you have the power to decide if you form positive or negative habits by what you consistently think about and do. If you consistently manage your risk correctly in the market and stick to your trading strategy and do not over-trade, you are going to develop some very positive and powerful trading habits that are going to result in you becoming a successful trader.
ANYTHING is possible through THE POWER OF CONSISTENCY.
As author and business strategist Eric V. Holtzclaw said in his article titled
Power of Consistency: 5 Rules:
1. Consistency allows for measurement.
Until you have tried something new for a period of time and in a consistent manner, you can't decide if it works or not. How do you measure effectiveness if what you are measuring isn't performed consistently?
I typically give new initiatives, processes, and organizational structures at least six months before judging them a success or failure. It's often minor tweaking instead of major overhauls that make the difference.
2. Consistency creates accountability.
I ask my employees to be accountable for their deliverables and goals. They should expect the same in return from my leadership. I put a priority on making time for and being available to my team. I work to establish consistent and recurring meetings when a project or aspect of the business requires attention.
The simple fact that there is a set time to report on progress is often the catalyst that moves an initiative along to a successful end.
3. Consistency establishes your reputation.
Business growth requires a track record of success. You can't establish a track record if you are constantly shifting gears or trying new tactics. Many efforts fail before they get to the finish line, but not because the tactic was flawed or goals weren't clear. The problem is often that the team simply didn't stay the course to achieve the objective.
4. Consistency makes you relevant.
Your employees and your customers need a predictable flow of information from you. All too often I see businesses, both small and large, adopt a campaign or initiative only to end it before it gains traction. It's effective to run many advertisements, numerous blog entries, weekly newsletters, or continual process changes throughout a year.
5. Consistency maintains your message.
Your team pays as much or more attention to what you do as to what you say. Consistency in your leadership serves as a model for how they will behave. If you treat a meeting as unimportant, don't be surprised when you find they are doing the same to fellow teammates or even customers.
When something doesn't work, I look back at what happened and ask some serious questions. Did we shift gears too quickly? Did part of the team not deliver on a commitment? Or was the expected outcome off base from the start? Most of the time, the reason tracks back to lack of consistency.
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Thank You.
Happy Disciplined Trading.
The Big Difference is Consistency. This leads me to my next point; Difference between a trader and professional trader ,Consitency in profit is what is a “BIG BIG” diffrence between a trader and a professional trader . As a trader you may be right in one or two trades and make big money but in next few trades you lose your profit and in wost case you lose your capital means you are not trading professional and you lack the most basic skill of professional trader “Consistency”.
Most of you know that is Arnold Schwarzenegger in the picture to the right, Arnold personifies the fact that consistency pays off physically, mentally and financially.
You’ve probably read about habits and how they are the “key” to success in trading and virtually everything else in life. However, I’m willing to bet you’ve found less information on HOW to go about obtaining these all-powerful habits. In today’s article , I’m going to give you a brief overview of the power of effective trading habits and then get into EXACTLY HOW TO OBTAIN THEM so that you can get on the track to profitable trading NOW with CONSISTENCY.
Growing a trading account is like growing muscle
Consistently going to the gym, and that means going even when you really don’t feel like going, will result in you being in better physical and mental shape. Consistently eating healthy foods will also result in you becoming a healthier person, both physically and mentally. For someone who is out of shape and has poor exercise and eating habits, it might be very difficult and uncomfortable for them to start consistently eating right and exercising, because they already have the very negative habit of being lazy and eating unhealthy junk food.Similarly, if you consistently wake up early for your job or for school, you know that soon it becomes a habit.
Consistently learning and education yourself turns you into a more knowledgeable person who will probably make more money and be more successful than the person who chooses not to consistently educate themselves.
My point is simply this: Consistency in all aspects of our personal and professional lives ultimately ends up building habits, and habits are really what define each of us, aren’t they? To paraphrase one of my favorite all-time motivational speakers Napoleon Hill, “We are what we think about and do”.
Whatever you consistently think about and do will become a habit, you have the power to decide if you form positive or negative habits by what you consistently think about and do. If you consistently manage your risk correctly in the market and stick to your trading strategy and do not over-trade, you are going to develop some very positive and powerful trading habits that are going to result in you becoming a successful trader.
ANYTHING is possible through THE POWER OF CONSISTENCY.
As author and business strategist Eric V. Holtzclaw said in his article titled
Power of Consistency: 5 Rules:
1. Consistency allows for measurement.
Until you have tried something new for a period of time and in a consistent manner, you can't decide if it works or not. How do you measure effectiveness if what you are measuring isn't performed consistently?
I typically give new initiatives, processes, and organizational structures at least six months before judging them a success or failure. It's often minor tweaking instead of major overhauls that make the difference.
2. Consistency creates accountability.
I ask my employees to be accountable for their deliverables and goals. They should expect the same in return from my leadership. I put a priority on making time for and being available to my team. I work to establish consistent and recurring meetings when a project or aspect of the business requires attention.
The simple fact that there is a set time to report on progress is often the catalyst that moves an initiative along to a successful end.
3. Consistency establishes your reputation.
Business growth requires a track record of success. You can't establish a track record if you are constantly shifting gears or trying new tactics. Many efforts fail before they get to the finish line, but not because the tactic was flawed or goals weren't clear. The problem is often that the team simply didn't stay the course to achieve the objective.
4. Consistency makes you relevant.
Your employees and your customers need a predictable flow of information from you. All too often I see businesses, both small and large, adopt a campaign or initiative only to end it before it gains traction. It's effective to run many advertisements, numerous blog entries, weekly newsletters, or continual process changes throughout a year.
5. Consistency maintains your message.
Your team pays as much or more attention to what you do as to what you say. Consistency in your leadership serves as a model for how they will behave. If you treat a meeting as unimportant, don't be surprised when you find they are doing the same to fellow teammates or even customers.
When something doesn't work, I look back at what happened and ask some serious questions. Did we shift gears too quickly? Did part of the team not deliver on a commitment? Or was the expected outcome off base from the start? Most of the time, the reason tracks back to lack of consistency.
“Until you have tried something new for a period of time and in a consistent manner, you can’t decide if it works or not. How do you measure effectiveness if what you are measuring isn’t performed consistently? I typically give new initiatives, processes, and organizational structures at least six months before judging them a success or failure. It’s often minor tweaking instead of major overhauls that make the difference.”• Consistency in sticking to an effective trading method like price action, helps you master your trading strategy and gives you a real chance to see if your trading strategy is truly worth using or not. Switching between methods or trading when your edge is not truly present hurts your trading results over the long-run. How do you know if a trading strategy works if you don’t stick to it and give it enough time to play out? Give it at least six months of CONSISTENCY as Eric Holtzclaw. If you cannot muster the discipline and mental fortitude to follow a proven strategy like price action for at least 6 months consistently, you will have a hard time finding any success in the market.
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com
For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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